Qualify for a maximum total house payment

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Reference no: EM13944971

Sally and John would like to buy a home but they aren't sure how large a house payment they can afford. Their combined gross monthly income is $5,400, and they have a $250 education loan payment and a $150 car payment. Assuming a 33% back-end ratio, Sally and John qualify for a maximum total house payment of

$1,382

$5,000

$1,782

$1,532

Reference no: EM13944971

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